Including the Value of Time in Design-for-Manufacturing Decision Making

Karl Ulrich, David Sartorius, Scott Pearson and Mark Jakiela
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Karl Ulrich: Massachusetts Institute of Technology, Cambridge, Massachusetts 02139
David Sartorius: Massachusetts Institute of Technology, Cambridge, Massachusetts 02139
Scott Pearson: Massachusetts Institute of Technology, Cambridge, Massachusetts 02139
Mark Jakiela: Massachusetts Institute of Technology, Cambridge, Massachusetts 02139

Management Science, 1993, vol. 39, issue 4, 429-447

Abstract: Design for manufacturing (DFM) has been promoted as a way to enhance product development and production system performance. Current DFM practices encourage the minimization of the number of parts in a design through the physical integration of several geometric features in the same part. While this part integration often reduces the manufacturing cost of the product, it also can extend product development lead time, because complex parts typically require tooling with large lead times. This paper presents an economic model that makes explicit the trade-off between lower unit costs and longer product development time. This model is applied to a particular example in a field study of the application of DFM to Polaroid cameras.

Keywords: product design; product development; design-for-manufacturing; design-for-assembly; lead time; product cost; cost modeling (search for similar items in EconPapers)
Date: 1993
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:39:y:1993:i:4:p:429-447

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